CheddarBizcuitz

CheddarBizcuitz

A quick correction brought us just below 3371 before recovering back to 3405 (H4). An extension of the prior wedge resistance has been indicated which marks expected lows for a possible early ST symmetric recovery. However this trendline also marks the adjusted average if LT symmetric support falls to the lower wedge region. www.tradingview.com

CheddarBizcuitz

Recovery fails to break the D1 piercing point resulting in another drop to low 3400s. A steady decline is still assumed which would keep 200EMA aligned with symmetric support. Some of the lower pricelines have been removed but 1700 remains in as the LT cycle flip marker. The next critical support zone should be noted from 3371-3405. www.tradingview.com

CheddarBizcuitz

ETH finally breaks down after closing out yesterday below ascending support. A long-term symmetric pattern has been assumed to mark potential lows for the time being. Note that pattern support will likely be positioned lower if current support doesn't hold. This would adjust the average from ascending support (purple) to wedge resistance...

CheddarBizcuitz

ETH remains above ascending support with pattern crossover closing in. Look to hold between 3685 and 50EMA until crossover or a breakout occurs. The goal now is to flip 3745 (purple) by EOD 6/10. www.tradingview.com

CheddarBizcuitz

Bulls fail to maintain support at 3810 after recovery is rejected at 3840. Lows stopped just short of 200EMA with price making it back into the prior ascending pattern. Note the crossover point (6/12) which marks our last point to hold 3685. Any PA below this priceline after this time has a high chance of leading to further correction. www.tradingview.com

CheddarBizcuitz

A big breakout at 3810 keeps us in contention for another push to 4k. Resistance holds just below 3900 critical and we should look to stay above 3810/ST EMAs. There's a good chance hitting 4k will provide enough momentum for a flip. www.tradingview.com

CheddarBizcuitz

A solid hold keeps us around 3810 to close out our first daily this week in the green. Closing today in the green could trigger a push to 4k and ultimately prevent major correction. A goal of 3900 is presumed with D1 marked by the vertical blue line. Ascending pattern support extends to mid-June (6/12) so look to keep above 3685 until then. www.tradingview.com

CheddarBizcuitz

ETH closes out weekly above 3685 pattern but below 3810 critical. Keep cautious of further correction until we close 1-2 days in the green (W1). The support goal for this week is around 2450 or H4 200EMA, while resistance is at 4k. www.tradingview.com

CheddarBizcuitz

A solid push places us above short-term EMAs and around 3810 critical. Continuing to 3900 could set us up for another symmetric pattern and help establish 4k. Make sure to hold off on the new week until 1-2 days in the green. www.tradingview.com

CheddarBizcuitz

Sorry about the no-posts for the last couple days I was moving and it's just been a lot. Fortunately not much movement has occurred with price holding above 3685 and 50EMA. The upcoming weekly close marker has been indicated so look to maintain support until then. If successful we could see further recovery next week but don't be too quick to assume. If the...

CheddarBizcuitz

A bit of correction after price falls short of 4k. Look to hold support above 3685/50EMA if we drop below 20EMA. Further recovery is still expected which could begin at the start of next month. www.tradingview.com

CheddarBizcuitz

ETH closes weekly well above the goal of 3685 and triggers a breakout off MACD divergence. A push to 4k+ is expected this week but may hold around 4k until the following. ATH for this chart is at 4868 with 4635 potentially marking the completion of a W1 bottom. www.tradingview.com

CheddarBizcuitz

Not much movement as price holds above 20EMA. Weekly close was off a day so the marker has been adjusted. The goal remains at pattern resistance (3685). www.tradingview.com

CheddarBizcuitz

Support remains strong at pattern resistance (3685) allowing 20EMA to cross zone. Although we're positioned below symmetric support eventual recovery is still assumed. Continue to use pattern resistance as the W1 close goal. www.tradingview.com

CheddarBizcuitz

An attempt to flip 3810 fails with price dropping to pattern support before recovery. Another attempt is underway as MACD looks to push towards divergence. Holding above symmetric pattern is our best chance at maintaining this early breakout. www.tradingview.com

CheddarBizcuitz

Price continues to hold between pattern resistance and 3810 forming into a symmetric layout. Early breakout seems very possible but wait to flip 3810 before assuming further recovery. Keep in mind that we're in a MACD convergence phase. www.tradingview.com

CheddarBizcuitz

Price breaks ascending pattern and now holds between 3810 and pattern resistance. Weekly close is now expected at pattern resistance (3685) to maintain bullish momentum. Closing around 3671 could trigger correction for next week with 3371 marking bearish piercing. www.tradingview.com

CheddarBizcuitz

A massive push increases price by $600 and positions us back at prior ascending resistance. From a long-term perspective this is a strong indicator that next week will be bullish as well. However expect the likelihood of dropping to pattern support for a new W1 close goal (~3550). www.tradingview.com